Bank of Montreal (TSE:BMO) Given New C$155.00 Price Target at Jefferies Financial Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by Jefferies Financial Group from C$140.00 to C$155.00 in a research note released on Wednesday morning,BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the bank’s stock.

A number of other equities analysts have also commented on BMO. CIBC increased their price target on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a report on Wednesday. Scotiabank cut their target price on shares of Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Desjardins raised their price target on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bank of Montreal currently has an average rating of “Moderate Buy” and an average target price of C$148.23.

Bank of Montreal Trading Up 0.1 %

Shares of TSE BMO opened at C$149.19 on Wednesday. The business has a 50-day moving average of C$142.00 and a 200-day moving average of C$130.90. The firm has a market capitalization of C$108.06 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08.

Bank of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.26%. Bank of Montreal’s payout ratio is 61.20%.

Insider Buying and Selling

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total value of C$1,601,592.91. 0.03% of the stock is owned by insiders.

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.